In two years, the European installed solar PV capacity has been multiplied by two.1 On the other hand, the remaining European manufacturers of solar PV panels are dying: in August 2023, Norwegian Chrystal went bankrupt, and NorSun temporarily stopped its activities.
EU nations deployed record amounts of solar capacity in 2023, 40 per cent more than in 2022. Approximately 95 per cent of those panels and parts were imported from China, according to the International Energy Agency. EU manufacturers of solar panels are swiftly going out of business, as cheaper Chinese imports outcompete them.
The European solar industry is collapsing despite the EU's energy transition and expensive efforts to promote solar energy, says industry association SolarPower Europe. Eight European solar supply chain companies have either restructured their loans, halted production, filed for bankruptcy, or issued warnings of impending facility closures.
European solar manufacturers are struggling to break even and accusing China of unfair trade practices, but the European Commission gives priority to climate goals and renewable energy deployment. SolarPower Europe is calling for urgent support to the domestic industry instead.
The new mid-year solar PV EU market analysis from SolarPower Europe reveals that for 2025, the annual market is expected to contract for the first time since 2015, with a projected -1.4%
However, the European solar module manufacturers have recently faced a particular challenge due to the combination ofimport dependency and a sharp drop in the prices ofimported
In a letter to European Commission President Ursula von der Leyen,industry group the European Solar Manufacturing Council (ESMC) warned that without rapid help,the EU risked losing more than half of
The European Solar Manufacturing Council (ESMC) reiterated that the EU is drowning under the stockpiles of PV panels. It estimated the current surplus at 70 GW to 85 GW.
EU manufacturers of solar panels are swiftly going out of business, as cheaper Chinese imports outcompete them. The European solar industry is collapsing despite the EU''s energy
EU manufacturers of solar panels are swiftly going out of business,
“The EU is now entering a pivotal phase where, over the next 4–8 weeks, major EU PV [photovoltaics] module producers and their European suppliers are poised to shut down
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. There has been little light relief for European manufacturers of solar panels over the past few years. A
As Europe accelerates its transition to renewable energy, solar power has emerged as a cornerstone of this transformation. However, a significant challenge persists: the majority of solar panels installed
Back then, the EU imposed import tariffs on Chinese solar panels after the Asian country boosted industrial policy, contributing to a steep decline in European solar deployment. Hosts of
In two years, the European installed solar PV capacity has been multiplied by two.1 On the other hand, the remaining European manufacturers of solar PV panels are dying: in August 2023,
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